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The pandemic has devastated downtown D.C. Some fear the damage is permanent.
Seattle times ^
| Sep. 25, 2020
| By PETER JAMISON
Posted on 09/26/2020 8:45:45 AM PDT by dennisw
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To: StAnDeliver
do you know what that looks like? It’s gotta be crazy, with all the malls shut down, offices, retails... dayum. I suppose it’s enormously leveraged, which drags the banks along. Or is there enough equity financing to take the hit (REITs, etc.)?
I don’t know about this market at all, other than to have leased commercial space in the past. When I started my current business 8 years ago, my primary missing was : NO RENT!
61
posted on
09/27/2020 3:01:45 PM PDT
by
nicollo
(I said no!)
To: dennisw
62
posted on
09/27/2020 3:10:41 PM PDT
by
Fledermaus
(ONLY A MORON THINKS 6 FEET IS A MAGIC NUMBER!)
To: nicollo
"do you know what that looks like? It’s gotta be crazy, with all the malls shut down, offices, retails... dayum. I suppose it’s enormously leveraged, which drags the banks along. Or is there enough equity financing to take the hit (REITs, etc.)?"Imagine The Great Unwinding of the home market mortgage debacle, part duh.
63
posted on
09/28/2020 1:26:30 PM PDT
by
StAnDeliver
(I've got your Third Rail of Politics right here.)
To: StAnDeliver
So they’ve been repackaging commercial loans and wrapping them up in other vehicles mixed in with whatever? Or is it “just” overleveraged?
64
posted on
09/28/2020 3:08:42 PM PDT
by
nicollo
(I said no!)
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